Insuring your vehicle is the best way you can protect yourself if you’re in an accident. It’s also important for remaining compliant with state laws and financing agreements. Because they’re often less expensive to repair, insurance costs for the Rav4 are typically cheaper than average national insurance prices. Most drivers pay around $125 a month to insure their Rav4s. Comparing providers and quotes can help you connect with the best insurance options for your vehicle.
About the Toyota Rav4
The Toyota Rav4 is a popular compact SUV that also comes in a hybrid offering. The car is known for its impressive performance, off-road capacity, and top-of-the-line safety features. For adventurers, the Rav4’s available cargo space can be appealing, and lots of optional features make the SUV customizable and great for many drivers.
What Kinds of Protection Can You Get for the Rav4?
How you choose to insure your Rav4 can depend on many factors. Your budget is one factor that can influence the type of coverage you choose. It might also be important to consider laws or agreements that may be binding to you, like state laws or financing agreement requirements. Here’s a closer look at some primary insurance options and when that option might be a good choice for insuring your Rav4.
Liability
Liability insurance is often the least expensive insurance you can get from an insurance provider. It offers bare minimum coverage, or just enough to satisfy state requirements. If you’re in an accident and it’s your fault, your insurance can help cover the costs of the other vehicle’s necessary repairs. One of liability insurance’s shortcomings, however, is that it won’t protect your vehicle if you damage it in an accident. Liability insurance only covers repair costs for vehicles or property that you damage in an accident.
Collision
The next level up is typically collision insurance. If you plan to lease or finance your vehicle, your lender might require you to get this type of insurance. If you’re in an accident with another driver, or with a property like a fence or a tree, this insurance helps pay for damages to your own vehicle. Even if you don’t have a lease or a loan for your vehicle, this insurance option can still be a good one for those hoping to stay protected on the road.
Comprehensive
Next is comprehensive car insurance, which goes a step beyond collision insurance. This choice can be a good option if you live in an area with lots of adverse weather events, like fire, wind, hail, and storms. Comprehensive insurance covers you from all manner of accidents. For example, if hail damages your vehicle or a tree branch falls in a storm causing a dent, your comprehensive insurance can help you do something about it.
Uninsured or Underinsured Motorist Insurance
This type of insurance is often an additional option you can choose when purchasing your standard policy offerings. Uninsured or underinsured motorist insurance is for drivers who want to protect themselves from an accident if the other driver doesn’t have car insurance. It covers damages caused by the other driver even if they’re unable to pay for the claim themselves.
Additional Coverage Options
You can choose even more coverage options online to see if there are added protections you’d like on your policy. For example, some drivers opt for add-ons like rental car coverage. This option allows them to access a rental car while they wait for their car to be repaired if it’s in an accident.
Which Insurance Company is the Best for Insuring Rav4s?
The best insurance company for you can depend on your credit score, your driving history, your budget, and your coverage needs. Researching providers and comparing quotes is one of the best ways to insure you maximize insurance savings while still receiving the support you need. If you’re looking for the cheapest option, Allied often offers some of the best rates for the Toyota Rav4. USAA is another economic choice, though to take part in the USAA savings, you must either be a military member or a family member of a military member.
Other viable options are Vermont Mutual, Nationwide, and Geico. If you have a driving history with something like a DUI or a poor driving record, you might still find more affordable rates for your vehicle by comparing providers.
How To Save Money on Rav4 Insurance
If you want to further reduce the cost of your Rav4 insurance, here are some options to explore:
Safety Discounts
Rav4s are one of the top-rated vehicles for safety. In fact, the National Highway Traffic Safety Administration (NHTSA), gave the Rav4 an overall rating of five in 2019, 2020, and 2021. Opting for available safety features on the Rav4 like brake assist and lane-keeping assist can help you qualify for additional discounts. By showing providers you possess these features they can know you’re a conscious driver who’s less likely to be in an accident.
Driver Discounts
Some providers run special deals for specific groups. Students might qualify for discounts if they receive good grades or attend additional driver safety courses. Similarly, long-term good driver behavior can show insurers you’re a responsible driver that doesn’t represent a risk to their organization. Driver discounts are often specific to individual providers, so be sure to research discount offers whenever you’re ready to talk to an agent about insuring your vehicle.
Comparing Quotes
Finally, you can save money by comparing the quotes of different providers to learn where you can save the most. Often, provider rates depend on the state, driver details, and car year. By entering your specific information into online quote generators, you can find the provider that offers you the best value deal.
Bundling
If you already use an insurance provider to insure another vehicle or to insure things like your home or your valuables, then you might bundle them together to save money. Contact one of your current providers to determine how much it would cost to update your policy with another vehicle. Often, adding another car to an existing policy can help you save.
Getting the proper insurance on your compact SUV can help you keep it safe and make sure you’re covered if you’re ever in an accident. Though insurance represents an additional investment, spending more can often introduce you to helpful perks and useful options if you’re in an accident.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.
